Oil finally bounced today, and I remain hopeful for my UWTI position. $BAS has my interest down here for another trade, as does $OAS. But, for now, I’m happy recapturing lost coin on this UWTI trade.
$GPRO got worked on news that AAPL will be developing a sports camera, a company’s worst nightmare. I guess the only thing good about taking a nice loss yesterday was that I didn’t have to endure today’s pain.
Biotech seems to be exhausted a bit with the $IBB failing to move higher after reaching another 52 week high. BIS, the inverse biotech ETF, could be in play here if those highs continue to be rejected.
As for the top hybrid movers of the day, here they are. My favorites include: VSLR, ESV, PWE, UPL, BAS, RRC, & APA. All oil related
THANK GOODNESS my chair was startin to sweat. i add to jdst at 7.50 because i enjoy restlessness
7.68^
That trade might work. I like it.
first add was at 15. a few months ago, scaled half away at 23 and just added same size i sold at 23 back in high 7s. holding breath- still think gold goes 900 before rally to mid teens
you see this? I wouldn’t jinx myself and call a bottom but it’s interesting big pockets are starting to stock up. http://link.reuters.com/rux73w
storing oil on tankers…
The bottom is near.
Was thinking lately that the action in energy stocks have been signaling we are close.
agreed.
been saying for 3 weeks that a touch to 42 is the bottom. lets see
$GS says $42, bottoms 2Q
The bottom is the few steps you take in a day. WTF man. Get steppin’ son! You aren’t even on my radar anymore. Are you okay?
I will crush you with this fitbit if you really want war. We can even live blog a week long challenge.
You are welcome to try. But we both know the outcome. I live fitness. You just dream it. Bring it on baby daddy. No need to live blog a steps challenge. Kinda boring.
You will pay for this affront.
What’s next? 500 calories a day to see who can lose the most “weight.” I’ll pass. You win and I swear, I’ll do nothing but root for the Saints in 2016. Kinda liked them anyway and Drew Brees is a TRX fan so… that’s cool.
Does one get greedy and bet on a small driller / oil service company or play it safe with big oil. Or, like gold, is dead for now and greener grass is on the other side of the fence with tech companies. Look to VDE for the answer. I’m not a chart man but that looks ugly.
OAS & BAS
Instead of OAS go with DNR. They’re in your back yard and have a more promising future. And a VP with the name Marcel, you can’t go wrong.
And I’ll have to go with HAL on the service side, with BHI they will do all right. But I’m just not excited yet about oil. Still too many folks hanging on by their fingernails, I want them to fall off the cliff, then, maybe.
Disclaimer, I know the folks and the setup at Denbury, they’re fairly sophisticated compared with the rest of the roughneck, wildcatters out there.
Disclaimer: I worked on HAL projects, their management team has a few screws loose, but I won’t let pride get in the way of a good trade.
I could talk oil with you all day. I agree on HAL with the BHI deal. I want to buy a nice size lot in the IRA, but not just yet. I think we see 20s before any real bottom there.
What’s your take on $SGY. Would love to catch some cheaper, somewhere under $10
RC, i remember you saying a few weeks ago to be eyeing Alcoa for IRA. where would you be looking to add? Im looking for a pullback to 12.80ish to add personally.
Those + added GDP SFY EOX NADL
Been adding all the way down in small increments. My basis is roughly 30% higher in all of these but that could be a days move if crude stops puking.
Short interest north of 50% in some of these